In which of the following econometric problems do we find Durbin-Watson statistic being far away from 2.0?
a. the identification problem
b. autocorrelation
c. multicollinearity
d. heteroscedasticity
e. agency problems
b
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Very few societies have used price controls.
Answer the following statement true (T) or false (F)
If Tom is participating in an open outcry English auction, he should ________
A) bid up to his maximum willingness to pay B) bid above his maximum willingness to pay C) bid below his value for the good being auctioned D) pay a fee to place a bid
Which of the following would not be a consequence of an increase in the U.S. government budget deficit?
a. the U.S. trade balance rises
b. the U.S. interest rate rises
c. domestic investment in the U.S. falls
d. the real exchange rate of the U.S. dollar appreciates
How does stock differ from flow?
A. A flow concept is a value at a point in time, while a stock concept has meaning over a specified period of time. B. A flow concept has meaning over a specified period of time, while a stock concept is a value at a point in time. C. The do not differ; both flow and stock concepts are values at a point in time. D. They do not differ; both flow and stock concepts have meaning only over a specified period of time.